Description: The super-rich have an affinity for private equity investment, an appetite for risk, and copious savings, according to a study of wealth creation in Norway over 22 years. Source: knowledge.wharton.upenn.edu Date: Mar 7, 2023 Link: https://knowledge.wharton.upenn.edu/article/how-the-wealthiest-got-to-where-they-are/?utm_campaign=KatW2023&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=3-8-2023&utm_content=How_the_Wealthiest_Got_to_Where_They_Are Questions for discussion: What does the research say is how the wealthiest people became so wealthy? What do… Read more »
Posts Categorized: Economic Analysis
William Watson: The global inflation pandemic won’t end until the economy hits a wall
Description: Last two inflation pandemics only ended after real interest rates went big-time positive — almost to double-digits Source: FinancialPost.com Date: Feb 28, 2023 Link: https://financialpost.com/opinion/global-inflation-pandemic-wont-end-economy-hits-wall?utm_medium=Social&utm_source=Facebook&fbclid=IwAR1sws58ASzLstDBcfzlYtDA_ho92uRR3mi4pirYfp06AsF6WYrljrpRSv4#Echobox=1677599780 Questions for discussion: What does the report say about inflation, interest rates, and the strategies used to control both? What do believe will take place over 6the next year?… Read more »
iPhone supplier Foxconn will build a factory in India, moving away from China: Report
Description: Foxconn, one of Apple’s largest suppliers and a major manufacturer of iPhone components, will invest about $700 million to build a new plant in India’s Karnataka state, Bloomberg reported Friday. The report comes as U.S. companies continue to reevaluate their reliance on China in the wake of mounting tension between the U.S. and the… Read more »
Beyond Meat: Cost Cuts Working, Communicating Product Benefits A Longer Haul
Description: Once inflation cools off and people are educated about the dietary benefits of Beyond Meat’s plant-based products and their positive impact on the environment, the company could be in good shape. Until then, Beyond Meat is slashing production and other operating expenses and testing retail pricing initiatives as it contemplates new marketing messaging about… Read more »
Nordstrom closing all of its Canadian stores, cutting 2,500 jobs
Description: Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. Source: BNNBloomberg.ca – video report Date: Mar 02, 2023 Link: https://www.bnnbloomberg.ca/nordstrom-closing-all-of-its-canadian-stores-cutting-2-500-jobs-1.1890535 Questions for discussion: What does the report say about the financial reasons behind the decision? Do you believe the decision is correct,… Read more »
The Future of Human Agency
Description: Experts are split about how much control people will retain over essential decision-making as digital systems and AI spread. They agree that powerful corporate and government authorities will expand the role of AI in people’s daily lives in useful ways. But many worry these systems will diminish individuals’ ability to control their choices Source:… Read more »
Covid’s ‘legacy of weirdness’: Layoffs spread, but some employers can’t hire fast enough
Description: Job cuts are rising at some of the biggest U.S. companies, but others are still scrambling to hire workers, the result of wild swings in consumer priorities since the Covid pandemic began three years ago. Source: CNBC.com – video reports Date: Feb 21, 2023 Link: https://www.cnbc.com/2023/02/20/weird-job-market-layoffs-hiring.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Summarize the employment trends and hiring taking place… Read more »
Canada’s inflation rate is expected to fall significantly this year. Here’s why
Description: After a steep and rapid climb in prices, Canada’s inflation rate is expected to fall significantly this year, giving comfort to economists worried about untamed price growth but little relief to Canadians who have fallen behind. Source: BNNBloomberg.ca – video report Date: Feb 23, 2023 Link: https://www.bnnbloomberg.ca/canada-s-inflation-rate-is-expected-to-fall-significantly-this-year-here-s-why-1.1887819 Questions for discussion: What does the report… Read more »
Nestle plans price hikes after inflation eats into profits
Description: For consumers, whose spending power has already been cut by inflation at multi-decade highs, they are likely to add to concerns about strained household budgets and weakened economies. Source: CNBC.com Date: Feb 16, 2023 Link: https://www.cnbc.com/2023/02/16/nestle-plans-price-hikes-after-inflation-eats-into-profits.html?&qsearchterm=nestle Questions for discussion: What have commodity prices done to the revenues and profits at Nestle? What can the… Read more »
Charlie Munger says BYD is so far ahead of Tesla in China it’s almost ridiculous
Description: Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. Source: CNBC.com – video report Date: Feb 15, 2023 Link: https://www.cnbc.com/2023/02/15/charlie-munger-says-byd-is-far-ahead-of-tesla-in-china.html Questions for discussion: Compare BYD’s stock performance to Tesla’s over the last 10 years. What explains this difference? Would you be a… Read more »
